Bechtle AG (OTCMKTS:BECTY) Short Interest Update

Bechtle AG (OTCMKTS:BECTY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 5 shares, a drop of 98.4% from the July 15th total of 304 shares. Based on an average trading volume of 101 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Bechtle in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Bechtle Price Performance

Shares of BECTY remained flat at $9.10 during trading hours on Tuesday. 200 shares of the company were exchanged, compared to its average volume of 1,595. Bechtle has a 1-year low of $6.00 and a 1-year high of $11.25. The company’s 50 day moving average is $7.66 and its 200-day moving average is $7.67.

Bechtle Company Profile

Bechtle AG is a Europe-based provider of IT infrastructure and services, operating through two main segments: IT Systemhaus & Managed Services and IT E-commerce. In its Systemhaus division, Bechtle delivers design, implementation and support for data center solutions, network and security architectures, cloud services, managed print services and workplace management. Its E-commerce segment offers customers direct access to a broad catalogue of hardware, software and peripherals from leading global vendors via online platforms tailored to private and public sector clients.

Founded in 1983 and headquartered in Neckarsulm, Germany, Bechtle has grown organically and through acquisitions to establish a presence in more than a dozen European countries.